Explain the operation of the contra proferentem rule. Is such a rule defensible in today’s business environment?

Q: What is an agent, and what is a principal? Whatkinds of situations in companies give rise to…

A: Agent: The agent is the person authorized by the principal or business to act on behalf of them.…

Q: Is business ethics an oxymoron?

A: Ethics:   Business ethics refers to a set of moral codes and guidelines that governs corporate…

Q: what recent development in FP&A, if any, can significantly help companies deal with a black swan…

A: The answer for the theory question on the development in FP&A that helps companies in dealing…

Q: Discuss the dangers of ignoring the impact of business decisions on the full range of stakeholders,…

A: In every business, decision-making is the most important thing for business continuity. Businesses…

Q: How are financial accountants challenged in their work to make ethical decisions? Is technical…

A: Ethical behavior implies taking such actions which are not only as per laws but also confirm to…

Q: ols to determinate appropriate business decisions under different economic, political and legal…

A: If a firm wants to succeed in the marketplace, it must have a thorough understanding of the factors…

Q: What are the main drawbacks of adopting the stakeholder approach as the basis for setting the…

A: A business or an organisation is run to achieve the objectives set for the organisation. The…

Q: Covid-19 does affect our SME’s businesses and how could it work out for them in this challenging…

A:

Q: Who is responsible for enforcing compliance with laws and regulations in the business?

A: Compliance Audit: Compliance audit refers to the encyclopaedic review of entities adherence with…

Q: How are high-context and low-context cultures different? Which of these is the best culture for…

A: Communication is a process of exchange of ideas, thoughts, information’s from one person to another…

Q: What is the so-called BUSINESS JUDGMENT RULE? Discuss

A: Business Judgment Rule:- The business judgment rule is a presumption that in creating a business…

Q: 5. A business-related transaction refers to regulatory requirements that a business entity must…

A: Business-related transactions shall appear in the Business or entity's Statement profit and loss a/c…

Q: conflicts that can arise when a company is owned by group of shareholders but managed by a different…

A: The shareholders are owners of the business. As per agency theory, the management act as agents on…

Q: What is the cornerstone of accounting ethics?

A: Introduction: Accounting ethics is a subset of applied ethics that is linked to business ethics and…

Q: Give 2 takeaways in the importance of Non-Legal Law in Business Law and Give 1 Takeaway in the…

A: Business law refers to the law body which dealt with the commerce as well as business and it is…

Q: Why are stakeholders important in accounting ethics?

A: Stakeholders' refers to the person(s) or a group who has some interest in a company and can be…

Q: What is business ethics?

A: Ethics:   Ethics in business is a much debated yet less followed topic. Every business has to…

Q: (a) Who are the stakeholders in this situation? (b) Are the president's motives and actions ethical?…

A: Ethics:   Ethics in business is a much debated yet less followed topic. Every business has to…

Q: What are the common barriers to entry that the entrepreneurs can experience in business operation?

A: Barriers to entry are the obstacles or hurdles that make it difficult or prevent new enterprises to…

Q: When is the financial information a faithful representation? Multiple Choice If it allows management…

A:

Q: Please describe a nonmanufacturing business that could benefit from the use of standards. Also,…

A: The non manufacturing business is the one that provides services and do not produce any physical…

Q: One effect of the recent globalisation of business is that it is now easier for owners and managers…

A: In business, globalization refers to the companies operating internationally or on a global scale.…

Q: d ho

A: Agency relationship : An agency connection can be understood as the fiduciary relationship in which…

Q: What is the possible agency conflict between inside owner/managers andoutside shareholders?

A: Agency conflict: The conflict of interest of two parties one which is the principal and other which…

Q: How can an individual who is thinking of going into business evaluate the financial picture of the…

A: Introduction : Finance can be understood as the  lifeblood of any business. Financial performance is…

Q: Is  a rule of Contra Proferentum defensible in today’s business environment? Explain with example

A: Meaning: It is a legal doctrine in contract law which states that any clause considered to be…

Q: Describe a nonmanufacturing business that could benefit from the use of standards. Additionally,…

A: Standard is nothing but a parameter for any process which is used to compare actual results with…

Q: Why are internal accounting controls important to a business? What are advantages vs. the…

A: Internal control refers to a systematic procedure to be followed by the personnels of a company to…

Q: From the options given below find the reason/s to regulate the inefficiency in accounting profession…

A: Inefficiency in accounting profession means taking undue advantage in maintaining official records…

Q: Why do you think ethics is so important in accounting and business in general

A: Ethics in Accounting and business mean a set of specific guidelines or code of conduct which are…

Q: Assume that the FASB is considering revising an important accounting standard.Required:1. What…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: ny is artificial legal person. How does it achieve the status of artificial legal personality and…

A: The company can be defined as an organization which is set by the group of people to operate…

Q: Please describe a nonmanufacturing business that could benefit from the use of standards. Also,…

A: When nonmanufacturing activities repeat and result in a homogeneous product, standards may be used.…

Q: eXtensible Business Reporting Language

A: XBRL (extensible Business reportage Language) XBRL (extensible Business reportage Language) may be…

Q: Explain what breakeven point is and why it is important for business?

A: Breakeven point is that point of sales at which there is no profit and no loss. It means company is…

Q: From the options given below find the reason/s to regulate the inefficiency in accounting profession…

A: The profession under which the activities relating to the maintenance of accounting books,…

Q: What does GAAP mean? Why should businesses adhere to GAAP when reporting to external stakeholders?

A: The accounting is a process to identify, classify and record the transactions of the business and to…

Q: What is business law about and how does it help us?

A: Business laws is also known as commercial law or mercantile law... In doing business the company has…

Q: Discuss what forms of relevant information are applicable for business decisions related to Make or…

A: Decision making model: A general approach to tactical decision making includes : Define the…

Q: How can you describe how America's ethical reasoning might disrupt global business?

A: Answer:-  Ethical reasoning meaning:- "Ethical reasoning can be defined as the ability to recognize,…